UEMS

0.995

(%)

OTHERS UEM SUNRISE BERHAD ("UEM SUNRISE" OR THE "COMPANY") PROPOSED DIVESTMENT OF UEM SUNRISE SOUTH AFRICA PROPRIETARY LIMITED'S ENTIRE EQUITY INTEREST OF 80.4% IN ROC-UNION PROPRIETARY LIMITED AND CLAIMS AT A TOTAL CONSIDERATION OF RAND 118.4 MILLION (OR RM29.5 MILLION)

UEM SUNRISE BERHAD

Type Announcement
Subject OTHERS
Description
UEM SUNRISE BERHAD ("UEM SUNRISE" OR THE "COMPANY")
PROPOSED DIVESTMENT OF UEM SUNRISE SOUTH AFRICA PROPRIETARY LIMITED'S ENTIRE EQUITY INTEREST OF 80.4% IN ROC-UNION PROPRIETARY LIMITED AND CLAIMS AT A TOTAL CONSIDERATION OF RAND 118.4 MILLION (OR RM29.5 MILLION)

The Company’s announcement dated 28 August 2023 refers. Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the announcement.

In relation to the Proposed Divestment, the Company wishes to announce that the parties have mutually agreed to extend the deadline for the payment of the balance purchase consideration under the Sale of Shares and Claims Agreement to 15 February 2024 (“Revised Deadline Date”).  

This announcement is dated 28 November 2023.






Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 28 Nov 2023
Category General Announcement for PLC
Reference Number GA1-28112023-00079